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The property is a mixed-use building located within the Lakatamia municipality - Anthoupoli quarter, in Nicosia.
The building was constructed in 2001 on a registered plot of 567 m², which abuts Agiou Georgiou Avenue along its southwest boundary with a frontage of approx. 23 meters.
The ground floor comprises three units, all occupied each with a mezzanine level.
The two eastern units have been unified to form a bakery, while the western unit is a coffee shop. (BOTH OCCUPIED/RENTED)
Access to the mezzanines is provided by internal staircases, featuring 2 toilets and a storage area.
Additionally, there is a vacant apartment on the mezzanine level, situated at the northern end of the building.
This apartment consists of 2 bedrooms, a bathroom, a kitchen, and a dining/living area. Access to the apartment is via a staircase located on the eastern side of the building.
The potential yield of the building (when the apartment is rented) will range between 5.5% and 6.00%.
The building is strategically located, on Ayiou Gergiou Avenue in Anthoupoli, approximately 1.7 km southwest of the Anthoupolis Junction and 2.4 km southeast of Nicosia Mall.
The property falls within Zone Εβ5, with a building coefficient of 30%, coverage of 20%, and permission for 2 floors (8.3m) of construction.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 1708867. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.
